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We Didn’t Have Any Of These Problems When The Top Tax Rate Was 90%

Deficits
Huge national debt
Massive debt-interest payments
Extreme concentration of wealth
Unfunded public-employee pension liabilities
Corporate business models operating for the quick buck instead of for the long term
The list goes on and on. Add to it in the comments.

3 thoughts on “We Didn’t Have Any Of These Problems When The Top Tax Rate Was 90%”

Ah yes, my favorite logical fallacy: post hoc ergo propter hoc.
Of course, it could be argued using the same “logic” that we didn’t have any of these problems before the widespread unionization of public employees.
So, I’ll make a deal with you: we’ll raise the tax rate if we can break and ban the public employee unions.
Want to deal?
Thought not. Problem solving isn’t your goal just winning points, money and power for your partisans.

gregg,
I don’t think you got my more than obvious point. I was pointing out Dave’s logical fallacy that “just because” we had a 90% tax rate 50 years ago and that ending that tax rate preceded a financial collapse fifty years on doesn’t mean that a caused b. That’s the whole “post hoc ergo propter hoc” (after this, therefore because of this) label.
I then went on to illustrate his absurd argument with an absurd one of my own. Fifty years ago President Kennedy allowed Federal workers to unionize, and Wisconsin became the first state to have unionized public-sector workers.
I don’t see how anyone could interpret what I said as anything other than using humor to mock Dave’s truly idiotic argument.